Does This seem like a Fair Partnership Very Very Rough Draft WHEREAS, Party 1 and Party 2 (collectively referred to as "Partners") desire to enter into a partnership for the purpose of jointly owning and managing real estate properties;NOW, THEREFORE, in consideration of the mutual covenants contained herein, the Partners agree as follows:1.

I'm also leaning towards requiring a lease agreement. 

These requirements are common in many cities all over the country now. 

Also many states have a cut-off date (in relation to some filing or event) where notices to junior lien holders are no longer required, if actual notice was even required to begin with. 

The CTA required information about the beneficial ownership of companies registered to do business in the US starting Jan 1, 2024.Link to article:https://www.natlawreview.com/article/us-corporate-transparen...

It can't be manufactured or mobile home and of course we'd have to do all the permits and if I'm coverting an existing building I'd have to have it engineered and permitted to meet code and environmental health requirements.

I would say that as long as you are close to major hospitals, universities, company headquarters, airports, tourist attractions, or beaches, you'll generally be pretty safe in getting your desired return.

Some argue with that since one can claim the lead isn't a client requiring fiduciary...

Consider factors like square footage, number of bedrooms and bathrooms, and any unique features or amenities that may impact these costs.Overall, while calculating rental income for two houses being sold together may require some additional considerations, breaking down the costs and revenue for each house individually can help you make more informed decisions and projections.

Hey Jacqueline,Welcome to BP.If you're going for a DSCR loan for a residential investment property, you don't need an LLC; you can do it with most (if not all these days) DSCR lenders/brokers depending on your state.All DSCR lenders/brokers will require you to personally guarantee the loan, but you can do it either way, with or without an LLC.Stephanie